An economy or market with no regulation or restrictions on how the said market operates, thus allowing the most efficient allocation of a resources in an economy. The laissez-faire or 'market system' is the unplanned capitalist economic system. The extreme opposite is N.Korea, Cuba, China etc.

The 'passive' approach, or that of non-intervention to Macroeconomic management (as stated by harry flashman) is just one feature of the laissez-faire or market system.

laissez-faire by Diego December 7, 2003

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laissez faire

it is the policy of non-interference. it is generally used by countries while dealing with each other.

india agreed to sign the agreement if laissez faire will be provided in terms of democratic issues

laissez faire by simple..... April 14, 2009

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laissez-faire

Let it be!

Laissez-faire for now.

laissez-faire by adrienne honeyman August 20, 2003

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laissez-faire

Fr. Either a term meaning a policy of non-interference in economics or meaning an indolent homosexual.

Pierre, an economic adviser to the finance minister was going to propose a laissez-faire approach to the recession but was such a laissez-faire that he never got around to it.

laissez-faire by harry flashman July 7, 2003

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laissez-faire

A state in which spenders dominate voting and savers control economic policy.

The diametric opposite of utopia.

A laissez-faire state can be solved with a metastatic voting system (metavote) or a system in which blockchain mutual credit is employed to cast a ballot.

laissez-faire by tomorrowtomorrow November 7, 2018

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briefcake

A handsome male lawyer.

"Did you check out the briefcake in courtroom C?"

briefcake by Ben Frey April 6, 2006

Word of the Day on November 3, 2026

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Ratfucker

Brought to public attention by Bob Woodward and Carl Bernstein in the book on the fall of Richard Nixon, All The President’s Men, ratfucker was Nixon’s term for a political operative who sows chaos among opponents; an agent provocateur. It is thought to have originated among campus political rivalries at USC, and seems to have some usage in the US military.

Along with Nixon’s other ratfuckers, Roger Stone caused fights at otherwise peaceful Democratic Party protests to generate a false narrative that the Democrats were violent and dangerous.

Ratfucker by Ricky Ramjet November 2, 2017

Word of the Day on November 2, 2026

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countrypolitan

Term used to describe someone who is a mix of both rural (country) and urban (metropolitan) lifestyles/upbringings. He/she is typically equally comfortable in both settings and is able to seamlessly slip back and forth between the two, appreciating the characteristics of each.

That ol' gal of mine drives the 12 lane freeway during the week and a John Deere on the weekends. She likes opra and the Grand Ol' Opry. I love them countrypolitan women.

countrypolitan by MOChick November 7, 2006

Word of the Day on November 1, 2026

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Witch Bath

A bath consisting of a variety of slats, oils, soaps or any other added ingredients such as fruits, milks, herbs or any other spices for health or beautifying benifits.

She brought home alot of stuff and took it to the bathroom. She must be taking a witch bath.

Witch Bath by carnieboy30 October 26, 2020

Word of the Day on October 31, 2026